USDA National Wool Review

USDA National Wool Review - 11 May 2015

Domestic wool trading on a clean basis was very slow this week. There were 154,135 lbs of confirmed trades. Demand was good. A steady U.S. dollar and optimism overseas have limited the trading as growers are wanting to hold on to wool during this latest upswing in the Australian wool market to see just how far it may go. Currency still is a factor on a week to week basis and currently is the part of the cause for the reduced number of trades. Domestic clean wool and confirmed trades are reported on a weighted average basis. Prices reflect trades FOB warehouse in original bag or square pack, bellies out, some graded, and 76 mm or longer. No allowance made for coring, freight or handling fees at the warehouse level to reflect net grower prices (*) indicates new prices this week. (NA) represents microns not normally available in this region. Wools shorter than 75 mm typically discounted .10-.20 clean. Classed and skirted wools usually trade at a .10-.20 premium to original bag prices.